Cento Amici Inc

Analysis

Cento Amici Inc is a registered charity in United States, based in Lebanon, NJ. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cento Amici Inc reported income of $247k and spending of $168k, leaving 32% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $130k to $247k (+89%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cento Amici Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 65th percentile within NJ. Charities of a similar size with the same main cause include Books for Collier Kids Inc ($247k), Aerostar Avion Institute ($247k) and Rhode Island Instructional Leadership Academy ($247k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% of the total. At year end it held assets of $765k against liabilities of $0, net assets of $765k.